Buying a condo in a trendy neighborhood can be a costly proposition in Washington. Sometimes opting for an adjacent community offers a similar experience at a lower price point.

For buyers looking for an affordable property with a budget of $400,000 or less, switching neighborhoods may be a necessity. The median sales price in D.C. was $630,000 in March 2021, according to Bright MLS. Bright also reported that demand for lower-priced condos has increased during the first three months of 2021 while the number of condos available for sale has declined.

Buyers who want to live in the trendy Petworth neighborhood of Northwest D.C. near a Metro station, shops and restaurants, may want to consider looking just north of Petworth near Georgia Avenue in the Brightwood Park neighborhood.

For example, the condo at 5551 Illinois Ave. NW, No. 202, is priced at $375,000. Monthly condo association dues are $331, and annual property taxes are $2,820.

Built in 1920, the 742-square-foot condo has an open floor plan with two bedrooms and two bathrooms. The building, named the Petworth, and this condo unit have been remodeled. Updates include hardwood floors throughout the unit, large windows, granite counters, stainless-steel appliances, window blinds, two ceiling fans and a washer and dryer. The second bedroom has extra storage space.

Only on-street parking is available.

The neighborhood has a Walk Score rating of 89 out of 100, which means you can accomplish errands on foot. Residents are close to Georgia Avenue for Metrobus access and 1.4 miles from the Georgia Avenue-Petworth Metro station.

Assigned schools include Truesdell Elementary, MacFarland Middle and Roosevelt High. The elementary school is rated above average by GreatSchools.org compared with other schools in D.C. The middle and high schools are rated below average.

For more photos, click here.

For more information, contact real estate agent Sonia Ruiz with Solutions Realty Group at 703-408-2980.

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